Latest news with #CityCement
Argaam
22-05-2025
- Business
- Argaam
City Cement board recommends no dividend for H2 2024
City Cement Co. 's board of directors recommended on May 21 to withhold dividends for H2 2024. The decision aims to support its financial position until the completion of the acquisition deal, the company said in a statement to Tadawul. The recommendation will be submitted for approval in the upcoming shareholder meeting. City Cement last paid dividend for H1 2024 at 5% (SAR 0.5 per share), data compiled by Argaam showed. Last October, City Cement and Umm Al-Qura Cement Co. (UACC) signed a share-swap agreement, under which the latter will offer to acquire all UACC shares in exchange for newly-issued shares in City Cement. The table below highlights the acquisition details:
Zawya
05-03-2025
- Business
- Zawya
Saudi: City Cement registers 76% higher net profit in 2024; revenue hits $138.9mln
City Cement Company posted an annual growth of 75.75% in net profit to SAR 144.11 million in 2024, compared with SAR 82 million. The earnings per share (EPS) rose to SAR 1.03 in 2024 from SAR 0.59 in 2023, according to the financial results. The cement manufacturer witnessed a 46.11% surge in revenue to SAR 520.83 million during the January-December 2024 period from SAR 356.46 million in the corresponding period a year earlier. Meanwhile, the annual growth in sales was mainly attributed to higher sales volume and an increase in average selling prices. It is worth noting that during the first nine months (9M) of 2024, City Cement posted net profits worth SAR 103.03 million in addition to revenue of SAR 361.21 million. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
